US business inventories rose 0.3% in April
Washington - UPI
Business inventories rose modestly in April while sales slipped, the U.S. Census Bureau said Thursday.Inventories were up 0.3 percent to $1.65 trillion. Sales declined 0.1 to $1.26 trillion. The monthly figures adding up manufacturing and trade inventories were in line with the consensus forecast. The total business-inventories-to-sales ratio was 1.31, based on seasonally adjusted data, the Census Bureau said. A year ago, the ratio was 2.27. The ratio indicates how long it will take to sell existing inventory at current prices. As the ratio rises, it indicates manufacturers may have too much inventory on hand and may adjust by slowing production.
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Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
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Beirut - NNA
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Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
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Paris - Al Maghrib Today
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To 'eternal style' of late Alaia
Paris - Al Maghrib Today
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